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Macdonald-Laurier Institute

Ottawa is in a ‘vicious circle’ of spending due to the pandemic: Philip Cross on BNN Bloomberg

June 2, 2020
in Domestic Policy, Latest News, In the Media, Multimedia, COVID-19, Economic Policy, Philip Cross
Reading Time: 1 min read
A A

MLI senior fellow Philip Cross appeared on BNN Bloomberg to discuss the testimony of Evan Siddall, the president and CEO of Canada Mortgage and Housing Commission (CMHC), before the Finance Committee. Sidall presented a dire picture for Canada’s economy which sparked debate this past week.

“Canadians need to understand that we’re not just in a healthcare emergency, we’re in a very serious economic crisis,” states Cross.

Cross warns that Canadians will be facing a number of obstacles to recovery, such as a worsening job market, a rapid economic recession in an extremely short time frame, and declining prices. Cross also goes on to warn that Ottawa will face a significant challenge in moving away from CERB in the coming months.

Tags: Philip Crossdeficitdebteconomic policyCOVID-19economy

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  • Home
  • About
    • Who We Are
    • Who Makes MLI Work
    • Tenth Anniversary
  • Experts
    • Experts Directory
    • In Memoriam
  • Issues
    • Domestic Policy
      • Economic Policy
      • Justice
      • Rights and Freedoms
      • Assisted Suicide (MAID)
      • Health Care
      • COVID-19
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      • AI, Technology and Innovation
      • Media and Telecoms
      • Housing
      • Immigration
      • Agriculture and Agri-Food
      • Competition Policy
    • Energy Policy
      • Energy
      • Environment
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      • Israel-Hamas War
      • Ukraine
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    • DisInfoWatch.org
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    • Past Projects
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      • Speak for Ourselves
      • The Eavesdropping Dragon: Huawei
      • Talkin’ in the Free World with Mariam Memarsadeghi
      • An Intellectual Property Strategy for Canada
      • Munk Senior Fellows
      • A Mandate for Canada
      • Confederation Series
      • Fiscal Reform
      • The Canadian Century project
      • Fixing Canadian health care
      • Internal trade
      • From a mandate for change
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